This applies to most anyone but especially to anyone contemplating retiring abroad, although only about 1% of Americans will retire abroad.
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Media makes it up: “Many US retirees are looking to move abroad”
As documented on this blog, about 1% of US retirees move abroad, and perhaps half of those had prior dual citizenship and/or already lived abroad and retired in place.
Continue readingEU residents’ health insurance covers 27 countries
Amazing: Travelling abroad in the summer? Don’t forget your European Health Insurance Card – Employment, Social Affairs & Inclusion – European Commission (europa.eu) Those who reside in the 27 countries…
Continue readingTax issues for Americans moving abroad can be complex
Tax issues for moving abroad are complex as you may have to pay taxes to the U.S., the state you moved away from, and the country of residence. There are also complexities (And costs) regarding Medicare for those 65+.
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Age discrimination in travel
As I have said repeatedly on this blog TRAVEL INTERNATIONALLY WHEN YOU ARE YOUNG. DO NOT SAVE YOUR MONEY FOR A FUTURE THAT MAY NEVER ARRIVE.
In addition, there are extra hurdles that arise for older travelers – some are, in effect, age discrimination. But there is nothing we can do about it once we have crossed certain age boundaries.
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Spend money: “What Happens When You Get a Positive Covid-19 Test Traveling Overseas”
What happens if you test positive for Covid-19 while traveling internationally?
Generally, you’ll need to quarantine up to two weeks, at your own expense, plus cover other costs and subsequent airfare home. The solution is that trip and travel health insurance are becoming de facto mandatory.
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Using your credit card for car rental insurance coverage
Do you need to buy car rental insurance? You might be surprised and find that your own auto insurance policy already provides coverage. Or that the credit card used to rent the car may provide coverage too.
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